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Nov 13, 2012
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marginal rate back to 39.6 we're not going to do a deal, and i can tell you that the guys in the house and boehner, they really want to do this, this limiting deductions, limiting loopholes, raising effective rates, but lowering nominal rates. they want to do it that way but the president may say no and those guys in the house will say no and we might, it might happen. >> it might, but look, this is a leadership moment. we have a a leader who now has second term. he's a president. he's a fascinating individual in many respects. he's part of the problem. >> what gives you any indication he'll lead in this case? >> maybe he'll wake up to the fact that he has a chance to cut through the polarization and leave a winning legacy. this is his chance to rise above. give him a button. >> there you go. thank you for that, steve. we have more ahead from steve. coming up, we're going to talk about several stocks on the move ahead of the opening bell. we'll get down to "mad money's" jim cramer. "squawk on the street," jim cramer right after this. sometimes investing opportunities are hard to spot. you have to
marginal rate back to 39.6 we're not going to do a deal, and i can tell you that the guys in the house and boehner, they really want to do this, this limiting deductions, limiting loopholes, raising effective rates, but lowering nominal rates. they want to do it that way but the president may say no and those guys in the house will say no and we might, it might happen. >> it might, but look, this is a leadership moment. we have a a leader who now has second term. he's a president. he's a...
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Dec 20, 2012
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and boehner had three to one. and now boehner said suddenly one to one seems like a good idea. well, if you include the cuts that have been affected -- >> including interest, savings on interest. >> i think that's what did it. >> but the hard core guys, we're going to have harry wilson on. did you see what he says about those kutsdz? >> no. >> the deal boehner was close to clast year was so much better in terms of putting us on the right path in terms of revenue that he likes -- well, then they should have taken that deal the last time around. >> well, the deal on his side, but the deal went away with the 400 billion. >>> the irs is warning more than 1100 million taxpayers could face refund delays if fiscal cliff negotiations fail to hit the emt. that number is greater than estimated. typically coming agrees to just the tax for inflation to prevent unintended taxpay herbs from being hit by it. but this year, the amt's fate is tied by the fiscal cliff negotiations. >> you can't even imagine all the consequences for how this is going to pay out. >>> let's get a check on the marke
and boehner had three to one. and now boehner said suddenly one to one seems like a good idea. well, if you include the cuts that have been affected -- >> including interest, savings on interest. >> i think that's what did it. >> but the hard core guys, we're going to have harry wilson on. did you see what he says about those kutsdz? >> no. >> the deal boehner was close to clast year was so much better in terms of putting us on the right path in terms of revenue...
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Dec 6, 2012
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more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get a freebie is just crazy. >> california at 52%, new york and other places -- >> when you add up all the state and local taxes. hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see like ten cars an and go oh, i can't believe people -- if she had
more support for boehner now than anytime in his speaker ship. is that's setting up for -- >> but it is social media and twitter allows to you see these things. >> sausage factory into the front of the kitchen. >> exactly. >> geithner didn't use the word marginal rates had to go up, just said rates. >> rates are already going up. there will be a tax increase to people making more than 250 anyway because of the health care law. so the idea that somehow they will get...
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Dec 18, 2012
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i spoke to this office of speaker boehner last night. they say that this offer, although it moves closer to where the speaker is, is still not even close to in balance, which is what they're hoping for in a deal here. so we're getting closer to a deal but we don't have one just yet, guys. >> take a lot of chances there with the harry met sally references. >> you think i pulled that off? it's a little early in the morning. >> kind of. when you mention it, most people go back to that one meg ryan scene in the diner. >> we're not there yet. >> yeah, exactly. >> i'll have what he's having. >> i'll have what he's having. >> but that's, you know, rise above, all the stuff we talk about, that would be a great -- that would be the happy ending that we're looking for in all of this. right? >> that's a good phrase to use. >> you started it. >> to describe this consummation of this dealmaking process. >> oh, geez. >> do we all have a cigarette afterwards? anyway, for more -- once we do -- >> holy cow. >> for more on the fiscal cliff and the markets
i spoke to this office of speaker boehner last night. they say that this offer, although it moves closer to where the speaker is, is still not even close to in balance, which is what they're hoping for in a deal here. so we're getting closer to a deal but we don't have one just yet, guys. >> take a lot of chances there with the harry met sally references. >> you think i pulled that off? it's a little early in the morning. >> kind of. when you mention it, most people go back to...
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Dec 3, 2012
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and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope for a voiding what a lot of people think is a calamity. >> but leadership isn't calling the other side names. i think when you talk about the big four, boehner, reid, pelosi -- >> no, not them. >> obama is on the legislative branch. we have to give him a break on that. but there are four big people. those four people couldn't be more inept. >> it's boehner -- the mcconnell and pelosi and reid have nothing to do with what's going on between boehner and obama. >> to some extent that's true. >> reid is the guy that pushed obama to extend the bush tax rates in 2010. so reid would i suspect -- >> i'm starting to like him more. i thought of him as senator pat geary from godfather 2. but everybody loves harry. there's a song everybody loves harry. anybodies that that has anything to do with casinos loves harry. just a quick question. you were a big cap guy for a long time. now dividends rates where going up. are you still a big cap guy? i've been a small cap guy. i'll t
and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope for a voiding what a lot of people think is a calamity. >> but leadership isn't calling the other side names. i think when you talk about the big four, boehner, reid, pelosi -- >> no, not them. >> obama is on the legislative branch. we have to give him a break on that. but there are four big people. those four people couldn't be more inept. >>...
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Dec 12, 2012
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boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off. american families will be much better off if we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1. and i'm pretty confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction -- are you going to be able to raise taxes, yes or no? >> oh -- taxes are going to go up one way or the other. >> they are? >> i think the key is to make sure that taxes go up on high-end individuals like you and me, barbara. we can afford it. >> you can see the rest of tha
boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off....
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Dec 21, 2012
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i think john boehner can do it. if he comes to grips with the fact that he's going to have to take less than 218 in his party. in other words less than majority of majority. work with the president, work with democrats in the house of representatives, and in the united states, and get this done. we've had election. majority still is in the senate. newt gingrich said some years ago in 1998, perfectionist caucus, meaning his republican hard liners, and the american people elected democratic president, in that case bill clinton, democrats and republicans in the senate who don't agree and the american people expect us to make this government work. they still expect that and i think john boehner has now demonstrated in his own party that the only way he can do it, the only way we can do it is in a bipartisan basis. >> what do you think he's going to say at 10:00? any idea? >> i have no idea. i have last night he said, well, now the responsibility son somebody else. that's not true. he's still the speaker of the house, an
i think john boehner can do it. if he comes to grips with the fact that he's going to have to take less than 218 in his party. in other words less than majority of majority. work with the president, work with democrats in the house of representatives, and in the united states, and get this done. we've had election. majority still is in the senate. newt gingrich said some years ago in 1998, perfectionist caucus, meaning his republican hard liners, and the american people elected democratic...
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Dec 19, 2012
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boehner was at zero, now at a million. we can find a compromise somewhere in between. >> tell the people they've got to start complaining about that a little bit more. both sides need to be complaining a lot. right now, i'm hearing more complaining from boehner's side and makes me think you're putting one over on him. we need more complaining and get together and they have to really be complaining for us to think the deal is going to come together. can you do that? >> look, i've been very critical of the positions up to now on $250,000. >> i know. you're in new york, congressman, you know. >> i get complaints but we need compromise. we're ready to compromise, the president has shown compromise. we need somebody to compromise with and something to compromise over. >> i want to emphasize something i said earlier, we are within spitting distance of a transaction. it might not be $4 trillion but it's pretty close depending what numbers you add up. what we should be doing, i'm part of the fix the debt group in addition to folks
boehner was at zero, now at a million. we can find a compromise somewhere in between. >> tell the people they've got to start complaining about that a little bit more. both sides need to be complaining a lot. right now, i'm hearing more complaining from boehner's side and makes me think you're putting one over on him. we need more complaining and get together and they have to really be complaining for us to think the deal is going to come together. can you do that? >> look, i've...
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Nov 8, 2012
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i heard john boehner say that he was open to revenue. now, however defined that he was open to revenue. there were other voices more disside dissident. certainly i thought senator mcconnell unfortunately didn't sound the same, positive note that the others did but look, the president made very clear that he is prepared to sit down across the aisle. in fact started calling republican colleagues. i've been part of, for a year and a half a group of six, it's now a group of eight. we have been working steadily, and there are other groups working. i believe our colleagues if they're prepared to act, will have options to consider when they return. >> i'm just wondering and senator, do you think it's possible that we don't have to -- will the democrats agree not to get to 39.2, is there something else they'd accept, some other way of revenue raising where that top marginal rate doesn't go back, that seems to be something that, ever since the president compromised that first time, it's like it's been set in stone they could never compromise agai
i heard john boehner say that he was open to revenue. now, however defined that he was open to revenue. there were other voices more disside dissident. certainly i thought senator mcconnell unfortunately didn't sound the same, positive note that the others did but look, the president made very clear that he is prepared to sit down across the aisle. in fact started calling republican colleagues. i've been part of, for a year and a half a group of six, it's now a group of eight. we have been...
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Dec 11, 2012
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not boehner. and the president went back and tried to jam boehner, because he thought there was division in the ranks. so one of the challenges that boehner or mitch mcconnell has is you need to be one voice as the president's one voice but you have a lot of members. >> what about hedge funds? don't raise the rates, just make them pay the rates. make them pay ordinary income. i'm always surprised, you convert ordinary income rates to capital gains, that's not what people do. just pay ordinary, right? you agree to that. they don't have to raise the rates. >> did you readed article that harvard is the hedge fund that has the university on the side? >> i don't know. >> $27 billion hedge fund. >> you agree with me they ought to switch the rate with ordinary income. >> i'm not -- look, it's a tax increase but you can offset it by tax cuts elsewhere. you could do tax reform in such a way that long as it doesn't net money to the government. if the government sees additional cash they go, oh, and they dro
not boehner. and the president went back and tried to jam boehner, because he thought there was division in the ranks. so one of the challenges that boehner or mitch mcconnell has is you need to be one voice as the president's one voice but you have a lot of members. >> what about hedge funds? don't raise the rates, just make them pay the rates. make them pay ordinary income. i'm always surprised, you convert ordinary income rates to capital gains, that's not what people do. just pay...
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Nov 27, 2012
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john harwood kicks things off with a visit to speaker boehner's home state of ohio. you're not there yet, are you? where are you going specifically? >> i have been there already. here in washington the fiscal cliff is an abstract policy debate but in the southwest ohio congressional district of john boehner, the house speaker, which i visited last week, a tip back into recession would cause real economic pain. middle town and rest of southwestern ohio is working its way back economically from the long-term loss of manufacturing jobs and troubles in the auto industry. the last thing this area needs now is another economic setback from the fiscal cliff. house speaker boehner and his colleagues in the congressional leadership have sounded conciliatory notes about prospects sounds like good news at the local chamber of commerce at middletown but only up to a point. >> i want to be confident. i want to be optimistic. i think i would rathering reserr be reserved at this point. >> steve has a petroleum distribution business that like ohio's economy is doing well. he's known
john harwood kicks things off with a visit to speaker boehner's home state of ohio. you're not there yet, are you? where are you going specifically? >> i have been there already. here in washington the fiscal cliff is an abstract policy debate but in the southwest ohio congressional district of john boehner, the house speaker, which i visited last week, a tip back into recession would cause real economic pain. middle town and rest of southwestern ohio is working its way back economically...
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Nov 9, 2012
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john boehner is also scheduled to hold a you news conference today, as well. st. louis fed president james bullard is saying the u.s. economy is strengthening. but he's cautioning that leaders must tackle the looming fiscal cliff. a conversation we can't get away from. speaking in missouri yesterday, bullard also says he doubts the central bank will extend a bond maturity extension program that expires at the end of the year. bullard is not currently a voting member, but he will ebb in 2013. and china's national congress continues with new leaders for the communist party set to be named later this morning. today a rising star said the party is moving towards requiring officials to their their assets. so an interesting piece in the chinese business press this morning. >> we have been talking about the fiscal cliff and -- >> we have? >> and yesterday somebody tweeted a new drinking game. every time they say fiscal cliff, you drink. they're right, but it's absolutely what matters. >> look at the stock market. did you see today what it's going to do? >> down again. >>
john boehner is also scheduled to hold a you news conference today, as well. st. louis fed president james bullard is saying the u.s. economy is strengthening. but he's cautioning that leaders must tackle the looming fiscal cliff. a conversation we can't get away from. speaking in missouri yesterday, bullard also says he doubts the central bank will extend a bond maturity extension program that expires at the end of the year. bullard is not currently a voting member, but he will ebb in 2013....
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Dec 5, 2012
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. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members from the budget committee? >> i don't want to raise taxes to fund 25% of gdp. >> and actually, the american taxpayers are being told to pay their fair share. they want to see real entitlement reform as well. but you have to deal with the issue on the table. i mean, the spending right now is a percentage of gdp is 24%. it's projected to go substantially higher. do you know that medicare and medicaid didn't exist 50 years ago and they're now a quarter of the federal budget? >> i know. it was supposed to be supplemental. david walker was on the other day talking about obama care which is supposed to save us a trillion dollars and the actual cost, what it added the our entitlement is 12 trillion. just that we did in the last two years. or whenever it was. >> but in terms of where we are now in this negotiation, i believe that both sides in the final ana
. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members from the budget committee? >> i don't want to raise taxes to fund 25% of gdp. >> and actually, the american taxpayers are being told to pay their fair share. they want to see real entitlement reform as well. but you have to deal with the issue on the table. i mean, the...
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Nov 30, 2012
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i think the response by boehner was appropriate. disappointment and totally unrealistic. >> you made it very clear that -- guy said -- you walked away from the talks. no, no, no, no. he said no. >> they have to give a numbers -- do the republicans have -- >> no, no, no. >> it is still -- up to obama -- >> they are so far off the mark. a lot of the comments -- you shouldn't be following it day by day because it is ridiculous. i mean, there's bluffing, will's posturing. so this isn't serious. i mean, if you were in a business deal you wouldn't be going public with this stuff. i mean, the conversation would be more serious. and you would be closer. they show that deal. >> i don't even understand how we get to what you just talked about which is close to simpson-bowles from where we are right now. i mean -- i understand that that might the best thing for the country. based on where the talks have gone to this point -- >> remember, last summer, they got close to simpson-bowles. when the deal broke apart. >> we are a lot farther away from
i think the response by boehner was appropriate. disappointment and totally unrealistic. >> you made it very clear that -- guy said -- you walked away from the talks. no, no, no, no. he said no. >> they have to give a numbers -- do the republicans have -- >> no, no, no. >> it is still -- up to obama -- >> they are so far off the mark. a lot of the comments -- you shouldn't be following it day by day because it is ridiculous. i mean, there's bluffing, will's...
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Dec 27, 2012
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said boehner, why did byner -- they were so close, only a couple hundred billion apart, why did boehner walk away? wasn't there an insistence that you do two years for the debt ceiling that they didn't waiver on? >> yeah, there are a couple of elements that boehner didn't like in what the president was proposing. one was the semipermanent or multiyear debt ceiling deal, which he thought gave up too much control from congress. and then the other one was, they didn't think that all the spending cuts that the president was proposing were, in fact, real. they thought that the president was proposing savings from spending on interest that you wouldn't have to make if you brought down the deficit a little bit. they thought that shouldn't count under the limit, and that was a couple hundred billion dollars there. >> but the two-year thing was probably a nonstarter because, you know, we're going to talk to john cannis in a second because i sort of thought all along that if we went over the cliff it was good for the president, because he gets tax rates back to where he wants them, without negoti
said boehner, why did byner -- they were so close, only a couple hundred billion apart, why did boehner walk away? wasn't there an insistence that you do two years for the debt ceiling that they didn't waiver on? >> yeah, there are a couple of elements that boehner didn't like in what the president was proposing. one was the semipermanent or multiyear debt ceiling deal, which he thought gave up too much control from congress. and then the other one was, they didn't think that all the...
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Dec 14, 2012
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boehner departed the white house without comment. both sides are trying to break an impasse, in budget talks to avoid the fiscal cliff. aides say the men had a frank discussion. i don't know if that's a positive. and the likes of communication, they say, remain open. although no specific details were released. the meeting came after a day of frustration. both sides criticized each other for a lack of progress. this was house speaker boehner earlier in the day. >> republicans must solve this problem by getting the spending line down. the president wants to pretend the spending isn't the problem. that's why we don't have an agreement. >> president obama remains hopeful that a deal will get done. he told a cbs affiliate he's willing to do a lot more in cuts and spending with a little more in revenue. we'll see where it goes. united technologies expects profit to rise 13% next year, even if the economy goes over the fiscal cliff. the company now saying that growing demand for its building products, elevators and air conditioners is offse
boehner departed the white house without comment. both sides are trying to break an impasse, in budget talks to avoid the fiscal cliff. aides say the men had a frank discussion. i don't know if that's a positive. and the likes of communication, they say, remain open. although no specific details were released. the meeting came after a day of frustration. both sides criticized each other for a lack of progress. this was house speaker boehner earlier in the day. >> republicans must solve...
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Nov 26, 2012
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we had obama and boehner, cantor and biden, the super committee, the gang of six, the time is now. i believe that the recognition is that the time is now. >> all lower marnlal rates. >> no, and i also believe the legacy for the president is say vibrant economic recovery. >> i agree. >> if there's a political chip on the wealthy i don't think it's 250,000. >> it shouldn't be the holy grail. >> i believe it's a political talking point. >> first it was obama care, when you were focused on the economy -- >> we need significant revenue to work. not a majority, man a quarter of the package will be revenue. >> we had increased revenue when we had growth. we had 18% or 19%. >> we're going to continue this conversation around the table, greg is sticking with us as is steve. >> still to come on "squawk," senator bob corker sounds off on taxes and the ifisical cliff, because black friday is in the books. now we turn our focus, we have a name for every day basically, now it's cyber monday, lots of deals. i don't know what tomorrow s takeover tuesday. cart know reagan will run through some of t
we had obama and boehner, cantor and biden, the super committee, the gang of six, the time is now. i believe that the recognition is that the time is now. >> all lower marnlal rates. >> no, and i also believe the legacy for the president is say vibrant economic recovery. >> i agree. >> if there's a political chip on the wealthy i don't think it's 250,000. >> it shouldn't be the holy grail. >> i believe it's a political talking point. >> first it was...
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i did note that speaker boehner the other day indicated he would like to get a comprehensive solution but if not he's open to a temporary extension o buy a little more time so they can address it under a new administration and a new congress. >> have you gotten response from the democrats about whether they would go along with the the temporary extension to work it all out next year. >> i think senator reeds was critical. s government hasn't been allergic to these temporary extensions. at least the speaker if you're -- >> do you know how the vp selection process is going at this point, governor? when do you think we'll hear something sm. >> well, the romney campaign and i'm one of of the national co-chairs of it, has a policy of not discussing the vp process so we're not going to get into that. mitt is going o have a lot of great people to pick from. anybody would be honored to serve, if asked. we want to do all that we can to defeat brock brock and have this country headed in a better direction. >> so you have no idea. before the convention, that's all we know. >> if history is any g
i did note that speaker boehner the other day indicated he would like to get a comprehensive solution but if not he's open to a temporary extension o buy a little more time so they can address it under a new administration and a new congress. >> have you gotten response from the democrats about whether they would go along with the the temporary extension to work it all out next year. >> i think senator reeds was critical. s government hasn't been allergic to these temporary...
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Sep 13, 2012
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where boehner said he came back and wanted that. is there a gray area there, do you know whether -- >> there's more than a gray area. >> we hear pelosi and the house read the president the riot act and that's when he came back and said we need another 400. did it happen that way is th? >> the way it happened and i lay it out almost hour by hour, the gang of six senators said we can do a plan and deficit reduction plan with at least $400 billion more. in the white house david plouffe, the political adviser, the person who has the office close he is to the oval office, somebody who had been obama's campaign manager in 2008, says wait a minute, this is a watershed moment because among those six senators are three republicans asking for more revenue than the president is. so the president decides and the congressional liaison chief says to the president, look, if you don't ask sask for more revenue you'll be part of the weakest presidency in the history of man kind. as a challenge, we have to do this. the president picks up the phone an
where boehner said he came back and wanted that. is there a gray area there, do you know whether -- >> there's more than a gray area. >> we hear pelosi and the house read the president the riot act and that's when he came back and said we need another 400. did it happen that way is th? >> the way it happened and i lay it out almost hour by hour, the gang of six senators said we can do a plan and deficit reduction plan with at least $400 billion more. in the white house david...
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Nov 7, 2012
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boehner putting markers down on the right. so we're exactly where we started a year and a half ago when we started this whole debate about taxes and spending in this country. somebody's going to have to give. obama, the word compromise came out of his mouth during the speech last night. is there a moment now post-election where people can maybe all come together and meet in the middle? possibly, but people are pretty entrenched on this thing. >> john harwood has followed every twist and turn of this election. he joins us onset this morning. there's two issues, john. we've got the fiscal cliff issue and then we've got the fiscal abyss issue. i'm wondering -- here's my biggest question. now that the republicans don't have as their single mandate to prevent a second term, that's off the table now, that's a whole new ball game for these guys. that's not going to be the thought behind every thing they do. the president no longer is thinking about re-election, so maybe he doesn't have to look at his base all the time with the bush t
boehner putting markers down on the right. so we're exactly where we started a year and a half ago when we started this whole debate about taxes and spending in this country. somebody's going to have to give. obama, the word compromise came out of his mouth during the speech last night. is there a moment now post-election where people can maybe all come together and meet in the middle? possibly, but people are pretty entrenched on this thing. >> john harwood has followed every twist and...
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Nov 15, 2012
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can boehner get there if that's the case? >> if you look at eliminations of deductions, exemptions, credits, it doesn't get to you where we need to comply with the budget control act so the fact that we are examining an opportunity to perhaps look at either on higher income earners, whether it's $1 million or higher as opposed to marrying ourselves to 250 is a step in the right direction. i think the fact that there is discussion on this front initiated by the speaker and behind closed doors we'll get in detail. for the first time we're close and why throw away the opportunity. >> can i just mention how many jokes joe would have made about being behind closeds doors and consummating and that whole thing and that's why joe needs to be on the show and he's not. i'm doing a poor job that he would have made seven or eight jokes would have been made. let me just ask jared, the 39.6 in my mind seems like it is a bottom line, a starting point an an end point for the president. can you envision a deal being done on the fiscal cliff t
can boehner get there if that's the case? >> if you look at eliminations of deductions, exemptions, credits, it doesn't get to you where we need to comply with the budget control act so the fact that we are examining an opportunity to perhaps look at either on higher income earners, whether it's $1 million or higher as opposed to marrying ourselves to 250 is a step in the right direction. i think the fact that there is discussion on this front initiated by the speaker and behind closed...
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Dec 10, 2012
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the question is going to be what does the white house give john boehner, offer john boehner in terms of entitlement cuts that he can use to bring along his caucus? it's pretty clear from the cracks in republican ranks, becky, that republicans are going to give ground on tax rates for some group of wealthier americans, maybe half million dollar incomes, maybe million dollar incomes. but boehner to the speaker to bring along his caucus has to say here are the spending concessions that i want and i think that's what this set of conversations is about. >> john, it was interesting to hear it from senator corker saying, yeah, we should hold the fight on spending. you about he did it on the assumption that you're going to have this debt ceiling crisis that comes up again and these concessions that come up in i guess february. the president in his initial offer laid out something that he had to say the debt ceiling would be part of that, too. would he have back down and say we could have this conversation again in six weeks? >> that's a really hard issue. he said in the same definitive rates
the question is going to be what does the white house give john boehner, offer john boehner in terms of entitlement cuts that he can use to bring along his caucus? it's pretty clear from the cracks in republican ranks, becky, that republicans are going to give ground on tax rates for some group of wealthier americans, maybe half million dollar incomes, maybe million dollar incomes. but boehner to the speaker to bring along his caucus has to say here are the spending concessions that i want and...
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Aug 3, 2012
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is, even if obama and boehner reached a deal, it wouldn't be something that the republicans and the house would agree to. >> both sides have plenty of blame to go around. raising tax, letting the bush tax cuts expire just on the -- that's a non-starter and that's all we hear from the other side. they tried five times to do that, it's never been possible that was going to happen and yet for political posturing that's what they keep putting up. neither side is serious about getting anything done. >> certainly we're not going to see any dramatic action before the election and then there's question whether we'll deal with the fiscal cliff in the lame duck election and the election itself is going to depend more on the state of the economy and the public's perception of where we're going than anything else. >> norm, it's diane here. good to see you. >> hi, diane. >> you brought up the fiscal cliff and one of the things that is a concern out there is the uncertainty about where we're going and it is really amazing how markets think at the last minute we'll figure this out, where i know yo
is, even if obama and boehner reached a deal, it wouldn't be something that the republicans and the house would agree to. >> both sides have plenty of blame to go around. raising tax, letting the bush tax cuts expire just on the -- that's a non-starter and that's all we hear from the other side. they tried five times to do that, it's never been possible that was going to happen and yet for political posturing that's what they keep putting up. neither side is serious about getting anything...
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Sep 5, 2012
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the president was willing to make a deal with boehner last summer. >> we're not hearing about it now. >> we're having a big debate in this country. we're having a debate about medicare versus voucher care. by the way, let me take this. that's a word you're throwing around. let me go to facts. spain didn't get in trouble because it had a budget deficit. it got in trouble because it had banks massively overextended. and, and, let's take this paper, "the new york post," which is barely a paper but let's take it. $16 trillion of debt. there are charts all over the place including in the wall street journal showing most of that debt was created not by the president, it was created by president bush. >> let's do an actual -- >> do you really think mitt romney should pay less than 1% on income of $20 million? do you really think that's right? that is the paul ryan plan. >> i will ask a different question and i'll ask it of joe. >> oh, you mean the place where the co-chair of the group came from the bush administration and romney cited in the campaign? >> i have a different question. i have i
the president was willing to make a deal with boehner last summer. >> we're not hearing about it now. >> we're having a big debate in this country. we're having a debate about medicare versus voucher care. by the way, let me take this. that's a word you're throwing around. let me go to facts. spain didn't get in trouble because it had a budget deficit. it got in trouble because it had banks massively overextended. and, and, let's take this paper, "the new york post," which...
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Nov 29, 2012
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our next guest met with john boehner on capitol hill yesterday. tom wilson is the ceo of the insurance giant allstate. i see in your preinterview notes you've got some good news, but the way you say it, i'm concerned about where we are. let me start with the good news which moons that there's some bad news. what do you mean? >> sure. i am concerned. the good news is -- and we met with the democrats who control the snachlt we met the republicans who control the house, the white house economic team. so we saw all sides of this. the good news is we all agree this is an opportunity to show the rest of the world we know how to run our house economically. they all want to make a deal, three, they all agree it's a $4 trillion number and four, they all agree -- there's three kmoents. we've got reform entitlement, raise revenue and reduce spending. so those are all the good things. you want to know the bad news. >> yeah, i guess. >> yeah. okay. so the bad news is nobody's really decided how much of that $4 trillion goes into each of the three buckets. so r
our next guest met with john boehner on capitol hill yesterday. tom wilson is the ceo of the insurance giant allstate. i see in your preinterview notes you've got some good news, but the way you say it, i'm concerned about where we are. let me start with the good news which moons that there's some bad news. what do you mean? >> sure. i am concerned. the good news is -- and we met with the democrats who control the snachlt we met the republicans who control the house, the white house...
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Dec 13, 2012
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for you, it's the house and boehner need to rise above. for me, it's everybody needs to rise. it's not a partisan thing. it's a let's do this. >> what about marc andreessen? let's not rise above anything. >> he's like one of the only people. we've got all this -- >> okay. >> we gave you one. >> there's a sink below caucus. >> here it is. you want me to tie my tie like you? >> put it on your tie. it's like a rorschach. it can mean anything to you. we just want to get this done. >> my styist would not be happy with this look. >> your stylist has got a lot of work to do. that's not your problem right there. oil prices are hanging around $86 a barrel while gold prices are tumbling following the fed delayed decision to push ahead with another round of stimulus measures. guy wolf, let's look at the trading block here. different markets and see. guy wolf is macro strategist at marex speculation and jim moor yo is on constantly on cnbc. unless there's more than one of him. joining from the cme. as i said, a cnbc contributocon. guy, i'll start with you. i just referenced and we had jas
for you, it's the house and boehner need to rise above. for me, it's everybody needs to rise. it's not a partisan thing. it's a let's do this. >> what about marc andreessen? let's not rise above anything. >> he's like one of the only people. we've got all this -- >> okay. >> we gave you one. >> there's a sink below caucus. >> here it is. you want me to tie my tie like you? >> put it on your tie. it's like a rorschach. it can mean anything to you. we...
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Dec 7, 2012
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so when boehner comes out and gives his talk right after the election -- >> but honestly, the administration has criticized the republicans because there are no specifics in the spending cuts. >> come on, look. the erskine bowles language -- you know how this works. house republicans are will -- >> give me one. >> i won't play that game and here's why. house republicans -- house republicans are willing to sit . house republicans are willing to sit down. they're not any more anxious to deal with the cuts and pass the cuts than anybody else is but we demonstrated through the ryan budget, we did it once, we did it twice -- >> i'll give you that point. i wish everybody would stop talking about this in public and get behind closed doors and actually make this happen. i can't believe the amount of tough that is talking, the tough talk, we'll go over the cliff, we'll go over the cliff. >> let me ask you a point. it's a fiscal speed bump a $600 billion tax we need. the real thing we're headed for is the long-term progress we have to make. i'm very concerned the atmosphere is very poisoned the $600 b
so when boehner comes out and gives his talk right after the election -- >> but honestly, the administration has criticized the republicans because there are no specifics in the spending cuts. >> come on, look. the erskine bowles language -- you know how this works. house republicans are will -- >> give me one. >> i won't play that game and here's why. house republicans -- house republicans are willing to sit . house republicans are willing to sit down. they're not any...
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Nov 20, 2012
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i think it would be easier to get simpson-bowles with boehner than with president obama. i don't think he's a true believer. >> we can have that debate but we're 40 days away from going off a cliff or small hill depending on who you ask. the question is what can each side give to get us where we need to be. >> but now you are really just talking about kicking the can again. >> i'm about rising above and rising above calls for compromise. >> i think harold is prepared. >> you are a simpson-bowles guy. >> the challenge is the president has drawn a line in the sand saying i want a pound of flesh period. don't get me a number. don't say a combination of spending cuts and a combination of discretionary of entitlement cuts and some tax increases. he's saying there's only one number. there's only one number. you got to give me that number. don't give me that number, the rest doesn't work. the problem is -- >> the country voted for him whether we like it or not. i like it he was re-elected. democrats picked up two seats in the senate. >> the country voted for him and they're goin
i think it would be easier to get simpson-bowles with boehner than with president obama. i don't think he's a true believer. >> we can have that debate but we're 40 days away from going off a cliff or small hill depending on who you ask. the question is what can each side give to get us where we need to be. >> but now you are really just talking about kicking the can again. >> i'm about rising above and rising above calls for compromise. >> i think harold is prepared....
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Nov 16, 2012
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>> yeah, from boehner i am. the president has now painted himself -- painted those guys in to -- how many times has he drawn a line in the sand about that high right on 250. he's made a point and he can't possibly go back on that now, can he? >> i think he can. look, i think he's drawing a line on getting money from those people, there people making 250 and above. but he hasn't drawn a line on how he gets that money. he's said at his news conference i'm skeptical that you can do enough in loopholes and exclusions to get the money that we need for a deal from that group. but he also said i'm open to new ideas. so if there is in fact an effort to close some loopholes that gets you some of the way there, you can certainly see the president, i could anyway, compromising somewhere between 35 and 39.6 on a slightly higher rate. if shall be caomebody came up w source of revenue which didn't change the distribution of the tax burden, figure out a way to do it without a top rate. i kind of expect what's going to happen i
>> yeah, from boehner i am. the president has now painted himself -- painted those guys in to -- how many times has he drawn a line in the sand about that high right on 250. he's made a point and he can't possibly go back on that now, can he? >> i think he can. look, i think he's drawing a line on getting money from those people, there people making 250 and above. but he hasn't drawn a line on how he gets that money. he's said at his news conference i'm skeptical that you can do...
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Mar 1, 2012
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shouldn't have but in fairness to the president, when we were talking about raising the debt ceiling he and boehner reached a preliminary agreement which would have eliminated trillions of dollars. >> we have two sides of that breakdown. >> may opinion is pelosi and her caucus killed it. >> there's blame to go all around. whoever is president-elect come november, the second week of november should take the congressional leadership and a few key congressmen like a tom coburn, who tells the truth, bring them to a place like y and do some version of simpson and bowles if it takes two weeks locking everybody up in a room because we'll have a window after the election of about four months when we can do the tough, difficult things. >> you think the country will take the hits? >> absolutely people are willing to take the hits. i think we can get this done. it is a bipartisan solution that both sides can live with. they're not perfectly happy with it, but if you understand the magnitude of the debt crisis facing this country, i think the american people would support it, and i think you could get politici
shouldn't have but in fairness to the president, when we were talking about raising the debt ceiling he and boehner reached a preliminary agreement which would have eliminated trillions of dollars. >> we have two sides of that breakdown. >> may opinion is pelosi and her caucus killed it. >> there's blame to go all around. whoever is president-elect come november, the second week of november should take the congressional leadership and a few key congressmen like a tom coburn,...
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Jun 26, 2012
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boehner will only support the increase as long as there are spending cuts larger than the debt increase. the next one the bush tax cut expiration date is also the end of this year, complete expiration by one analysis would mean an average household pays $3,000 per year more in taxes. president obama only wants to extend the bush tax cuts for those under $250,000 a year, speaker boehner says the house will vote on its plan before the election, don't count on anything much happening until after the election, and then the hammer drops on the sequester, remember that phrase, that was baked into the caked in the last budget deal, automatic cuts january 2nd, 2013, up to $1.2 trillion in cuts, split between defense and domestic spending, for defense up to 15% across the board in defense spending programs and don't forget what they're calling the monetary cliff, we learned last week that the fed plans to extend its operation twist to the end of 2012, if that ends at the same time as all this other stuff that could exacerbate the hit to the economy, also in the mix a payroll tax holiday expirati
boehner will only support the increase as long as there are spending cuts larger than the debt increase. the next one the bush tax cut expiration date is also the end of this year, complete expiration by one analysis would mean an average household pays $3,000 per year more in taxes. president obama only wants to extend the bush tax cuts for those under $250,000 a year, speaker boehner says the house will vote on its plan before the election, don't count on anything much happening until after...
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Jun 1, 2012
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>> i think you'll see speaker boehner and i together with the leaders and republican side on the senate are going to communicate to the president that we want to work with them on this issue. we don't think that it's a good idea to put more debt on the students coming out of college. we want to do so in a fiscally responsible way. we're proposing more pay fors toe sew wee don't dig the hole deeper in the picture on the federal deficit, yet we've not seen any willingness on the part of the white house of let's fix this rather than leave it out there as a political issue. >> i'm watching every tick in the future because i'm expecting what you'reecting and that is -- >> there's going to be some kind of moment in the day. >> qe3. >> people realize this is going to be a fed thing and maybe -- there's always -- we don't try to find silver lining but this could mean qe3 and that would be taken differently by traders than just a slowing economy. if it doesn't happen -- >> thank you for being here. >> coming up, we have the may jobs numbers. up next, we'll get reaction from pimco's head of globa
>> i think you'll see speaker boehner and i together with the leaders and republican side on the senate are going to communicate to the president that we want to work with them on this issue. we don't think that it's a good idea to put more debt on the students coming out of college. we want to do so in a fiscally responsible way. we're proposing more pay fors toe sew wee don't dig the hole deeper in the picture on the federal deficit, yet we've not seen any willingness on the part of the...
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Nov 14, 2012
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. >> twice where we were with boehner. but might be the beginning of bargain point. but you get 820 billion. so there's another 800 billion. at this point, the others are saying no cuts to medicare, social security, or anything else. and they have to find another 800 billion. >> the president did not say -- >> we know he has to cut some of those. >> my guess is the gop is saying they're looking at a trillion dollars as the number. >> and you saw what paul ryan said. the house was re-elected. so people re-elected those people in the house for a reason. it's a nonstarter. it's not going to happen. it's not going to be 1.6 billion. 1.6 trillion. to get to four trillion, that would be 2.4. so we said that. he'll go not 3-1 like simpson bowles. he's go one and a half to one. >> that's not going to happen either. >> but what bothers me -- >> the problem is nothing is going to happen. >> what bothers me is i do think you can get to a point where you raise taxes too much and you don't cut spending enough, where you're just funding entitlements by raising taxes and you don't
. >> twice where we were with boehner. but might be the beginning of bargain point. but you get 820 billion. so there's another 800 billion. at this point, the others are saying no cuts to medicare, social security, or anything else. and they have to find another 800 billion. >> the president did not say -- >> we know he has to cut some of those. >> my guess is the gop is saying they're looking at a trillion dollars as the number. >> and you saw what paul ryan...
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Nov 19, 2012
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at 1.6 and we're talking about four total so that's 2.4 to 1.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the expiration of the high income tax cuts which they proposed to get rid of. apples to apples, in terms of the way people are currently adding up their math, it's approximately a 1:1 ratio. >> erskine bowles said you should look at 3:1 in terms of spending cuts to revenue. >> i'm just saying what was in bowles-simpson. >> let's not forget about growth, we need to stimulate growth and a lot of it on the innovation side. >> david thank you, appreciate it i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again i
at 1.6 and we're talking about four total so that's 2.4 to 1.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the...
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May 10, 2012
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or maybe it was boehner who said that. >> i said let's hope that when people do get married they have really good jobs and they're able to have a really nice wedding. i want them to -- i want money moving through the economy and let's all rise together. i want everyone to be happy. that's all i care about. and you, too. and i think you are happy today, aren't you? >> i am. >> hurst goes a long way towards making happiness, doesn't it? it's my favorite day because friday is too close to monday. it's like it's already over. so thursday it's the anticipation of friday which then brings in the weekend. >> so what's the worst day? >> wednesday is good because it's the anticipation of the anticipation. >> sunday is the worst? >> sunday is bad, but tuesday is bad for me. i don't know why. >> i like tuesdays. >> i don't like tuesdays. things always go wrong on tuesdays. except for trump tuesday. >> okay. >> when we come back, we'll get to the economic story of the morning. a preview of the weekly job l t lastlelasess claims. plus your national weather forecast. cast. math scores. ...the unite
or maybe it was boehner who said that. >> i said let's hope that when people do get married they have really good jobs and they're able to have a really nice wedding. i want them to -- i want money moving through the economy and let's all rise together. i want everyone to be happy. that's all i care about. and you, too. and i think you are happy today, aren't you? >> i am. >> hurst goes a long way towards making happiness, doesn't it? it's my favorite day because friday is too...
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Oct 23, 2012
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the president as you recall made many offers with john boehner to change entitlements. i will tell you that we had that discussion on the supercommittee and we made many, many proffers. we actually offered a $1.2 trillion deal to the other folks with the same amount of money and revenue that senator toomey had offered in his proposal, the $400 billion. guess what? they turned it down. so all i can say to you is the president is prepared to compromise, but if you come into this discussion having promised the nation you won't take revenue, you are either lying to your base or you're not telling the truth to the american people. it's one or the other. you're either going to compromise in which case you faked it with the right, and how you got the nomination or you're not going to compromise, which is the recipe for disaster for the next four years. you know the president has put a $4 trillion deal on the table and it had very tough choices. it raised the age to 67 for retirement, medicare retirement. it did things people didn't like but that's leadership and what we saw wa
the president as you recall made many offers with john boehner to change entitlements. i will tell you that we had that discussion on the supercommittee and we made many, many proffers. we actually offered a $1.2 trillion deal to the other folks with the same amount of money and revenue that senator toomey had offered in his proposal, the $400 billion. guess what? they turned it down. so all i can say to you is the president is prepared to compromise, but if you come into this discussion having...
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. >> interesting, boehner/obama? >> yeah. i think he's spewing polls which, you know, it makes sense. he thought he was on the cusp of getting something big done. it was an accomplishment he could have talked about and he didn't get it done. >> 800, if you try to go up 400, that's 50% more. >> he could make the argument he should cut it right there. he had a pretty good deal. he had revenue on the table. >> i don't think either one of them either one could deliver their base. >> maybe they weren't as close as they thought but he was really upset that day. >>> coming up amazon set to unveil its latest kindle. will it be a game changer in a highly competitive space? ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ male announcer ] ho
. >> interesting, boehner/obama? >> yeah. i think he's spewing polls which, you know, it makes sense. he thought he was on the cusp of getting something big done. it was an accomplishment he could have talked about and he didn't get it done. >> 800, if you try to go up 400, that's 50% more. >> he could make the argument he should cut it right there. he had a pretty good deal. he had revenue on the table. >> i don't think either one of them either one could deliver...
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Jul 18, 2012
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. >> when was the last time you met with speaker boehner to talk about possible compromises? >> i think the last time i spoke to him was several weeks ago when i went to talk to him about europe. but i do try to talk to everybody that's going to be relevant to these decisions at the end of the year and as i said, if you listen carefully, there's foundation laying underway in the senate particularly bipartisan basis to explore what's going to work. >> all right. let me move on. >> this is not a complicated challenge. relative to '08 and '09, this is not complicated for the united states. people are worried about this but the scale of our fiscal challenges are much more modest than any other country faces. major economy faces. and they're within our capacity to embrace and act on without causing significant -- >> we can do this. >> we can do this. >> we have done stuff like this in the past and i admire that completely. let me just ask you this recent libor -- i'm reluctant to call it a scandal but an libor flap. "wall street journal" editorial and lots of other people are sayi
. >> when was the last time you met with speaker boehner to talk about possible compromises? >> i think the last time i spoke to him was several weeks ago when i went to talk to him about europe. but i do try to talk to everybody that's going to be relevant to these decisions at the end of the year and as i said, if you listen carefully, there's foundation laying underway in the senate particularly bipartisan basis to explore what's going to work. >> all right. let me move on....
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May 9, 2012
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and boehner says the the election will be president obama's undoing. >> the american people, they are pretty smart. they figure these things out pretty well. l.and it's going to be about th economy. the president can't run on it. and i'm frankly pretty pleased with the position mr. romney is in at this point. and frankly i think he's got a lot of room to grow. >> boehner also says europe's problems should serve as a warning that the u.s. should deal with their problems quickly. after five down days for the dow you can see right now it looks almost triple-digit losses. the s&p future under pressure as well. joe? >>. >>> not one but two guest hosts joining us. doug dachille ceo and cio of first principles capital management, gillian tett is the u.s. managing editor for the "financial times." we're kind of merged you two together. we may have some discussions. one second, gillian. we'll get to you first. you do have some french so you're probably an authority. you're so happy. [ speaking french ] >> so it's not francoise. he's predicting another recession in the united states and my poin
and boehner says the the election will be president obama's undoing. >> the american people, they are pretty smart. they figure these things out pretty well. l.and it's going to be about th economy. the president can't run on it. and i'm frankly pretty pleased with the position mr. romney is in at this point. and frankly i think he's got a lot of room to grow. >> boehner also says europe's problems should serve as a warning that the u.s. should deal with their problems quickly....
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Nov 21, 2012
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no, but if the patch is -- everyone's saying it's not going to happen and obama won't compromise and boehner won't compromise. if they do compromise, even though it's not perfect and the public says they did come together and they did make a start, then i think they'll have more confidence -- >> the only type of deal you get where both sides would agree a compromise where you basically give away everything again and both sides get to go back and say they got everything they wanted where you don't make serious changes to entitlements, where you don't make serious changes to revenue. seems like you continue this party that everybody's had going on where we're going to lower taxes across the board, not going to worry about this stuff and keep thinking about it at a later day. >> i say the opposite is that the republicans will get entitlement reform and democrats will get higher revenue in taxes. you get what you really want and you -- and as i said, you have to compromise. and i would say that that's what's going to happen or should happen. and if it does, even though it doesn't solve the probl
no, but if the patch is -- everyone's saying it's not going to happen and obama won't compromise and boehner won't compromise. if they do compromise, even though it's not perfect and the public says they did come together and they did make a start, then i think they'll have more confidence -- >> the only type of deal you get where both sides would agree a compromise where you basically give away everything again and both sides get to go back and say they got everything they wanted where...
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Aug 30, 2012
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i think john boehner and several people on the hill, including paul ryan were willing to go the extra step, in order for our system of government to work, you need presidential leadership, willingness of the president to start working with people, not at the end but at the beginning. >> thanks, ken duberstein, appreciate it. >> joe, we'll see you soon, thanks. >>> we do have another big hour ahead with a special from jackson hole, wyoming. jacob frendel will be joining steve liesman and dennis lockhart at 8:30 eastern, after the jobless claims, an interview you can only get on cnbc. we'll be right back. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ male announcer ] if you think even the best bed can only lie there... ask me what it's like when my tempur-pedic moves.
i think john boehner and several people on the hill, including paul ryan were willing to go the extra step, in order for our system of government to work, you need presidential leadership, willingness of the president to start working with people, not at the end but at the beginning. >> thanks, ken duberstein, appreciate it. >> joe, we'll see you soon, thanks. >>> we do have another big hour ahead with a special from jackson hole, wyoming. jacob frendel will be joining...
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May 16, 2012
05/12
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. >> did you see the news from boehner today? >> no. >> boehner says when we run out of money, the debt ceiling, the extension is finished we'll do it again. they are going to, the republicans are going to insist on like a replay basically of what we saw last time, insist on deep spending cuts before raising the debt ceiling. last time they got a lot of criticism for that and it's mainstream media criticism, but should we be closing the government down to extract spending? >> geithner also said yesterday as a prelude to this or as a warning, do not do this again. he basically said to the congress do not put the american people -- >> by the end the year. >> -- stress. >> if we come up with a coherent program that demonstrates the beginning of resolve, whoever, i think if we do that the world will give us the patience we need to get it done. we have not begun to address the issues. for example, i shouldn't say this because i don't want to co-op, but i did talk to the romney people about two months ago and i strongly urged them and
. >> did you see the news from boehner today? >> no. >> boehner says when we run out of money, the debt ceiling, the extension is finished we'll do it again. they are going to, the republicans are going to insist on like a replay basically of what we saw last time, insist on deep spending cuts before raising the debt ceiling. last time they got a lot of criticism for that and it's mainstream media criticism, but should we be closing the government down to extract spending?...
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May 23, 2012
05/12
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. >> i think boehner runs a few things once in a while. >> absolutely. >> who has more secret service guy snz. >> we have capitol police. dig nitear protection division. great guys. >> are they here? >> yes, they are. no secret service comments. i want to start out with some sound from earlier with all the private equity stuff. let's run it. >> there are folks who do good work in that area and there are times where they identify the capacity for the economy to create new jobs or new industries. but understand that their priority is to maximize profits. and that's not always going to be good for communities or businesses or workers. >> running this a lot last night. that is fallacious. it is good for companies to maximize profits for share holders. when you maximize profits you pay more to federal government. a company maximizing profits is able to stay in business. for communities hiring more workers allows the communities to thrive. this is something that again and again i have heard. i think if you have made enough money that you should stop. these comments to me show a fundamental
. >> i think boehner runs a few things once in a while. >> absolutely. >> who has more secret service guy snz. >> we have capitol police. dig nitear protection division. great guys. >> are they here? >> yes, they are. no secret service comments. i want to start out with some sound from earlier with all the private equity stuff. let's run it. >> there are folks who do good work in that area and there are times where they identify the capacity for the...
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Apr 27, 2012
04/12
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. >> on the issue of the travel budget -- >> i agree with boehner. there's a shock to all our viewers. >> i don't know the answer to this. >> there's no clear law -- >> for get about the law. what do you think the right -- an incumbent president in an election year, how are they supposed to campaign, when do they campaign and if so, how is it supposed to get paid for? and i ask it completely just straight up and down. >> it's not everyone an election year. it's in an election two year. because it started long before we were in the last 12 months. i'd like some governing. i'd like -- the one thing about leadership is that i know it's the other side's fault, but you're still supposed to try to do something. >> i'm asking a different question. >> do you think that the thing that's most front and center right now is student loan interest rates? >> no, but you're purposely trying to -- >> wouldn't you find something else to do right now in. >> it's a distraction. >> and you're purposely trying to distract from the question i'm asking you. >> no i'm not. w
. >> on the issue of the travel budget -- >> i agree with boehner. there's a shock to all our viewers. >> i don't know the answer to this. >> there's no clear law -- >> for get about the law. what do you think the right -- an incumbent president in an election year, how are they supposed to campaign, when do they campaign and if so, how is it supposed to get paid for? and i ask it completely just straight up and down. >> it's not everyone an election year....
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Jul 16, 2012
07/12
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i believe that he and boehner actually wanted to do a deal last year, and you know, it ironically got scuttled because of the gang of six, unintentionally, but it did. i believe mitt romney wants to do a deal, too, but their deals are very different. here's the key. it's not a matter of whether you want to do it. do you have the leadership ability to get it done. >> and we've got you here for the next two hours. >> i'm looking forward to it. >> we'll get through some of the solutions. >> we're going to fix this. >> absolutely. we could do it. it wouldn't take that long, though. >> we have less than two hours, doable? an hour and two minutes. >> we can do it in less than two hours, okay, we just got to get people to implement. >> i actually believe there are some real solutions we could find quickly. we are going to talk about that this morning. we have a lot of other things to get to, price water house coopers, they have a study on trust and transparency in the henl fund sector. mike greenstein is the global alternative investments investor. mike, when you start talking about trust an
i believe that he and boehner actually wanted to do a deal last year, and you know, it ironically got scuttled because of the gang of six, unintentionally, but it did. i believe mitt romney wants to do a deal, too, but their deals are very different. here's the key. it's not a matter of whether you want to do it. do you have the leadership ability to get it done. >> and we've got you here for the next two hours. >> i'm looking forward to it. >> we'll get through some of the...
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Mar 30, 2012
03/12
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this buys time for john boehner to resolve republican differences over long term financing for that transportation bill. >> and mitt romney, rick santorum and newt gingrich will all be in wisconsin today. romney looks poised to win. he's up by eight points in the latest poll. today house budget chair paul ryan is expected to endorse romney. no surprise. signaling conservatives are lining up behind him. wisconsin has 42 delegates at stake and it is winner take all. >> and you heard president george h.w. bush gave his -- >> kenny rogers got to know when to hold and when it fold and it's time for the other guys to fold is what he said. all the conjecture just shows you this could hurt romney, because more of the establishment republicans are now joining. but that's such -- when who could come up with that take on that, that having george h.w. bush endorse you could be a negative. >> newt gingrich. >> right. newt or left, or the media. >> we've been talking about hedge funds. would he have been talking ab t we've been talking about the pr prchlg answ performance of the dow. today the rankings of the 2
this buys time for john boehner to resolve republican differences over long term financing for that transportation bill. >> and mitt romney, rick santorum and newt gingrich will all be in wisconsin today. romney looks poised to win. he's up by eight points in the latest poll. today house budget chair paul ryan is expected to endorse romney. no surprise. signaling conservatives are lining up behind him. wisconsin has 42 delegates at stake and it is winner take all. >> and you heard...
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Oct 8, 2012
10/12
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. >> he got some bad advice, but when he and boehner came close to the big deal, he was embracing simpson-bowles. >> well, simpson-bowles is no panacea either. it raises taxes, reduce investment and reduce jobs. >> paul ryan didn't want to do it either. it's a tough one. >> governors, thank you very much. we'll see you and talk to you again soon >> thank you. >>> coming up next we'll talk about what the tech world can learn from apple, a lesson from a top executive who worked directly with steve jobs. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. >>> wefr' back. companies finding themselves in head-to-head competition with. apple are finding it hard to ke
. >> he got some bad advice, but when he and boehner came close to the big deal, he was embracing simpson-bowles. >> well, simpson-bowles is no panacea either. it raises taxes, reduce investment and reduce jobs. >> paul ryan didn't want to do it either. it's a tough one. >> governors, thank you very much. we'll see you and talk to you again soon >> thank you. >>> coming up next we'll talk about what the tech world can learn from apple, a lesson from a top...
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Apr 18, 2012
04/12
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boehner tried to do it. cantor was more a spokesman for the tea party people than a leader. he may grow too. in times you have to take the hit and say this country votes in the elections, the the election should matter but just as important as the elections matter, grown ups who come to washington don't dome mail it in but to meet each other, find common ground and work towards a solution not just issue press releases. what happens in "washington today" more than ever is they stay home in their districts, go home every weekend, they pander and pander and no one says let's look at it from the other side's point of view. cut a deal that favors the elections so people really do vote and get something for their vote which is a deal that favors their point of view. >> chris, where do you put paul ryan in all of this? >> i think he's got the guts the lead. he's a future leader. when people ask me whose coming down the row i look to him. the democrats got to come up with women and men willing to go the table and say this will hurt some. look we're facing this debt situation and we'
boehner tried to do it. cantor was more a spokesman for the tea party people than a leader. he may grow too. in times you have to take the hit and say this country votes in the elections, the the election should matter but just as important as the elections matter, grown ups who come to washington don't dome mail it in but to meet each other, find common ground and work towards a solution not just issue press releases. what happens in "washington today" more than ever is they stay...
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Feb 15, 2012
02/12
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president obama and speaker boehner were apparently very close to what was called the grand bargain. it was in essence a budget. about revenues and about spending. and the president has backtracked since then, significantly. including with the supercommittee. basically giving us the same proposal he game to congress this week. so i do think that there's some receptivity on the other side of the aisle. meaning the republican side of the aisle, to real solutions, to the problems we know we face and have to address. and i actually think it would be good for the president politically. i think it would be good for the country as well, for us to address some of these issues. this is an opportunity to do it. at least to have the debate. we can't have the debate now, because we don't have a budget document that can make its way to the floor. the senate, as you know has not even produced a budget for over 1,000 days now. so we're in our third year of no budget here. so we aren't even going to have the debate on the floor at a time again where we have these deficits of over $1 trillion, 42 cen
president obama and speaker boehner were apparently very close to what was called the grand bargain. it was in essence a budget. about revenues and about spending. and the president has backtracked since then, significantly. including with the supercommittee. basically giving us the same proposal he game to congress this week. so i do think that there's some receptivity on the other side of the aisle. meaning the republican side of the aisle, to real solutions, to the problems we know we face...
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Nov 28, 2012
11/12
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and i wonder if all this campaigning is going to make it more difficult for the president and john boehner to bring their wings of the parties back in for any sort of a deal. because it seems like both sides are getting their back up at this point. >> well, i don't think it's making it more difficult, becky. i think what happens is at the beginning of a negotiation, everybody is sort of staking out their positions and their demands. you know, the demand by democrats, for example, that social security and medicare not be part of this discussion, that's not a sustainable demand. everybody knows that entitlement programs, the president has said so, have to be part of this. now, exactly what proportion and when they're part of it, those are things that you can talk about, but, no, they are part of this deal. so are tax increases, and, you know, republicans taking out the position that, well, we can't touch tax rates, we can touch tax loopholes, everybody's got to wait and see how the math adds up. this is an extremely complicated and difficult thing. >> i don't think -- i don't think it's well
and i wonder if all this campaigning is going to make it more difficult for the president and john boehner to bring their wings of the parties back in for any sort of a deal. because it seems like both sides are getting their back up at this point. >> well, i don't think it's making it more difficult, becky. i think what happens is at the beginning of a negotiation, everybody is sort of staking out their positions and their demands. you know, the demand by democrats, for example, that...